Rbi News

India can become the second largest economy by 2031 and largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, RBI during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.

As India aims to become the world's third largest economy soon, the banking sector is undergoing a decade-high performance in financial metrics, according to Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI).

As many as 46.6 million new jobs were created in the Indian economy during 2023-24, according to the latest data released by the Reserve Bank of India.

The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions.

Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India's UPI with the fast payment systems of ASEAN members.

The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI Governor said today.

The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability.

The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.

India is at the threshold of a major structural shift in its growth trajectory, highlighted Shaktikanta Das, Reserve Bank of India Governor, on Tuesday during his address at the 188th AGM of Bombay Chamber of Commerce & Industry.

RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in "much stronger position," characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders.

The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".

The Reserve Bank of India's Governor Shaktikanta Das emphasized caution in changing monetary policy, citing premature conditions for adjustment.

The Indian share market posted massive gains after the Reserve Bank of India (RBI) decided to keep the policy rate unchanged for the eighth time in a row.

The Reserve Bank of India (RBI) has proposed to introduce auto-replenishment of UPI Lite wallets and bring the online transaction facility under the e-mandate framework.

In its initial monetary policy review for the current financial year, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 % for the eighth consecutive time.

India can become the second largest economy by 2031 and largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, RBI during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.

As India aims to become the world's third largest economy soon, the banking sector is undergoing a decade-high performance in financial metrics, according to Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI).

As many as 46.6 million new jobs were created in the Indian economy during 2023-24, according to the latest data released by the Reserve Bank of India.

The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions.

Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India's UPI with the fast payment systems of ASEAN members.

The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI Governor said today.

The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability.

The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.

India is at the threshold of a major structural shift in its growth trajectory, highlighted Shaktikanta Das, Reserve Bank of India Governor, on Tuesday during his address at the 188th AGM of Bombay Chamber of Commerce & Industry.

RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in "much stronger position," characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders.

The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".

The Reserve Bank of India's Governor Shaktikanta Das emphasized caution in changing monetary policy, citing premature conditions for adjustment.

The Indian share market posted massive gains after the Reserve Bank of India (RBI) decided to keep the policy rate unchanged for the eighth time in a row.

The Reserve Bank of India (RBI) has proposed to introduce auto-replenishment of UPI Lite wallets and bring the online transaction facility under the e-mandate framework.

In its initial monetary policy review for the current financial year, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 % for the eighth consecutive time.